DCB; RESULTS UPDATE

DCB has delivered good Q2 FY2012 numbers;

-the Net Profit was at Rs 13.32 cr vs Rs 4.8 cr YOY;
-Net Interest Income at Rs 59 cr vs Rs 46.5 cr YOY ;
-sequential improvement in NIMs from 3.1% to 3.4%;
-marginal improvement in Asset Quality;
-reasonable growth in Loan Book and Deposits;
                                            -flattish CASA at 33.3 %.

This Blog reiterates its long term BUY rating on the Scrip with the safe entry zone as 42-48 for the long term.


Original Call made on 18/9/2011 READ HERE